SMM: China September NPI Output at 52.7 kt
15/10/19 | Nickel
Shanghai Nonferrous Metals News China produced 52.7kt of NPI (in Ni metal) in September down 0.79% m-o-m but up 27.59% y-o-y. Relatively high profit saw the majority of domestic NPI smelters operating normally during the month. During the National Day holiday period, restrictions of electricity supply in IM contracted local…
Jinchuan WP/RKA NPI Project 2nd Production Line Operational
08/10/19 | Nickel
Shanghai Nonferrous Metals News 29th September: The 2nd production line of Jinchuan’s WP/RKA NPI project in Indonesia came online and has produced its first batch of NPI. Jinchuan’s WP/RKA NPI project has four NPI production lines. The 3rd and 4th lines came online in July and May, while the 1st…
Domestic NPI Prices Edge up
20/09/19 | Nickel
Shanghai Nonferrous Metals News 19 September, SMM: Domestic NPI prices climbed to RMB1,145~1,165/Ni unit, up by RMB10/Ni unit on the previous trade day. Some NPI smelters with spot supply intend to quote high at RMB1,200/Ni unit, leaving some space for negotiation. Downstream steel mills are looking at RMB1,160~1,170/Ni unit (delivered),…
China’s Ni and NPI Production on the Rise in August
17/09/19 | Nickel
Fubao News China’s August electrolytic nickel output reached 12.67 kt, up 0.56% on-month and up 11.36% on-year. China’s NPI output climbed by 4.82% on-month and 38.22% on-year to 53.2 kt (in Ni metal). Looking forward to Q4 2019, a large amount of NPI capacity is expected to come online, subsequently…
Indonesia to Resume Ban on Raw Ore Exports
03/09/19 | Nickel
Shanghai Nonferrous Metals News SMM: The Ministry of Energy and Mineral Resources of Indonesia (ESDM), has revealed that Indonesia will resume its ban on exporting nickel laterite under grade 1.7% Ni, by end-December 2019. SMM verified the news with many nickel laterite traders and local Indonesian nickel laterite miners, confirming…
New NPI Capacity Slow to Come Online
30/08/19 | Nickel
China Nonferrous Metals News The commencement schedule of new NPI capacity at Naman in IM is to be postponed to Q4 2019. Recently, one NPI production line at the Hengjia NPI project in Indonesia was started up, but other new Indonesian NPI projects have been slow to come online. Despite…
China July Imports: 5.42 mln t of Ni Laterite and 160 kt of NPI
27/08/19 | Nickel
Alu News China Customs: China imported 5.42 mln t of nickel laterite in July 2019, up 26.77% on-month and up 17.78% on-year. China’s nickel laterite imports during the first seven months of 2019 totaled 26.1 mln t, up 14.61% on-year. China imported 161 kt of NPI in July 2019, up…
Ni Market Review
23/08/19 | Nickel
Shanghai Nonferrous Metals News 22 August: Jinchuan Group reduced the ex-works price for electrolytic nickel plate and barreled electrolytic nickel blocks by RMB 300/t to RMB 123,800/t and RMB 125,000/t respectively. 20 August: A steel mill in southern China offered to buy high NPI at RMB 1,130/Ni unit (delivered, with…
Shandong Xinhai: 400 ktpy RKEF NPI Project at Indonesia
19/08/19 | Nickel
Shanghai Nonferrous Metals News August 16, SMM: Shandong Xinhai (Singapore) Co. Ltd. and Silkroad Nickel Ltd. signed a MOU regarding the development of a 400 ktpy RKEF NPI project in Indonesia. SMM data shows Shandong Xinhai’s July NPI output accounted for more than 25% of the national total. Xinhai is…
